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Sony Ericsson needs 100M euros: Sony CFO


Agence France-Presse
First Posted 18:06:00 05/19/2009

Filed Under: mobile phones, Technology (general), Economy and Business and Finance, Company Information, World Financial Crisis, Unemployment

TOKYO--Mobile telephone maker Sony Ericsson needs to raise funds of at least 100 million euros ($135 million) this fiscal year, Sony chief financial officer Nobuyuki Oneda said in remarks published Tuesday.

Sony Ericsson, a joint venture between Sony and Sweden's Ericsson, has various options to raise the cash, including borrowing and a share issuance, he told the Nikkei business daily in an interview.

Sony Ericsson said last month that it would cut 2,000 more jobs after it reported a first-quarter loss of 293 million euros.

The firm has in recent years been trying to focus on fast-growing emerging economies to reduce its dependence on the nearly saturated European markets.



Copyright 2014 Agence France-Presse. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.



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